London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
.. true it is going the opposite direction.. but.. for how long..? . the FED is going to start raising rates in small increments of 1/4 pt several times during the next few years to reach 2.25% i rate.. the ECB will be forced to follow..
Not too disappointing - note the market cap at 7.7 BLn which is not too shabby when you think of the time when it wasn't that much over 2BLn. With the current level of economic "activity" it is hard too see how it will go higher - but then I am influenced by the current economic sentiment here - which would not send anybody into raptures. Whilst I am quite happy that Ireland is well positioned to take advantage of growth, green shoots and all, it is not clear to me exactly where it is to come from. Pat MacG's comments about the Financial Centre were most encouraging and a welcome boost for Dublin, even if it means that the city has to accommodate a large number of "amatuer drinkers." Temple Bar is well used to dealing with loud people who think they can drink. The expansion of the Financial Centre should present opportunities for many of Ireland's well qualified youngsters either to be employed at home or for migrants to the City to return home. Just as long as The City has not put them off a career in banking like my niece who has tired quite quickly really and set up her own business so that she can live with her conscience. Good luck all.
True ...genuinely thought 2018 wud be the year..nice early christmas present ..ever since boi announce the 8 percent minum cet1 for 2017 its been good .,however i learning the game and dont expect the expected! Still think it will really peak wen dust settles
Who would have said a few Months back 0.24 Share Price Everybody on this blog deserves change of fortune G L A
Why stop there? Why not heicopter them back to London every evening
Nice one Pat! Ever consider going into politics as you show vision and ambition for a future Ireland. We are always beset with the 'square wheel brigade' who tell you it 'won't work'. UK dumped the commonwealth countries when they joined the EU, now they want to dump the EU countries. They should sort out their heads. Unfortunately joe public in the UK is confused! The reality is the foreign workers are doing the jobs the British are too lazy to do themselves! That is the bottom line!!! Good to see SP come back a bit today!
Although what you say is true, Dublin has the opportunity to develop the necessary infrastructure and this is an opportunity not to be missed. The old Customs House is huge and currently housing only the Department of the Environment. It is located right next to the Financial Centre and the interior could without much difficulty be converted into modern offices. And Cleary’s huge building is standing empty in O’Connell’s Street and likewise could be converted. Travel problems from the airport could be overcome by running a regular helicopter service from the Financial Centre to the airport and housing addressed by building more modern apartments in the further reaches of the Liffey. Yes, this will take effort and commitment, but what city with aspirations would not take advantage of such an opportunity to develop and expand? Especially since the US Department of Commerce has written to all US companies located in London and recommended relocation to Dublin on the grounds that it’s a English speaking city, has a well developed, if small, financial services sector, strong and friendly American connections, and is politically stable. Go Dublin Go! PatMc
It's a tech that will change banking. Adapt or die in the long run. Mainstream currencies aren't the only ones this tech works for either. More to banks than bricks and mortar. They tend to forget about customers. Anybody tried lodging money in a bank lately?
It's not even available on iphone yet dont panic
You made a great point re tech John. Mobile payments have been the next step for close to a decade now. No excuse for management to miss the boat on this. It is going to be a humongous sector sooner rather than later, boi will be left for dust. A blind donkey would have seen this tech coming. Woeful planning by management.
i dont really see why european banks should go that much higher , the ECB is going the opposite way of the FED , low interest rates are bad for banks
The fact that arch liberal Draghi was forced to pull back from Eur80b to Eur60b is a victory. The extension to December was unfortunate but can be dealt with when they fire Draghi out of the ECB. It is all about action and we are now accepting that QE was wrong and must go. Yield curves will look forward and rise further. Reality is that the ECB target on inflation should be 1% not 2%, the latter was just used to rip the investing public off and finance governments at zero rates for as long as possible. Shares will not be affected (banks will go higher...a lot) as credit conditions remain generous. With European Banks trading around NAV a shift to 1.3X, in the case of BKIR would point to SP 29.25c. Hold on for the ride!!
Tapering is willing the argument. bond yields are rising. As long as Mario doesn't burst the bubble this could be seen as a good day and a turning point for banks.
markets are not sure what way to look at the extended qe. Is it tapering or not? 80 billion per month for 6 months was expected but got 60 per month for 9 month. its actually more of a total but the 20 per month is really tapering...or is it? Either way no budge in interest rates for a lot longer and most likely into 2019. Mario will `have a lot of questions to answer later. not doing bkir any harm yet anyway
I'm not sure what you mean by dividends includes capital gains Bruce but its time to get back on track. A few little developments worth noting. Fitch has moved BoI down from positive to stable outlook. Mainly due to brexit fears. Yesterday they did maintain a positive view on out debt so no real problem. On the positive side the bank may benefit fron developments in the UK. Lloyds and others have decided that the time of super low interest rates are over and have decided to up rates by 30bps. Its a small but important turning point and I think be good for NIM next year. On the down side. Android pay was launched in Ireland today and BoI is not ready and has no plans to integrate it. Big mistake. In a mobile world it makes us look old fashioned and not modern. AIB are even advertising their service on TV already. Tech is one area where boi is very vulnerable. i know they plan to spend billions on it but missing out on today is not a good start.
They must have gone to the staff christmas lunch!
Back to being the worst bank in europe again today, they haven't gone away it would appear, usual lunchtime hit!
Further Mr McLean makes the point about dividends but this INCLUDES the capital gain so the return well worth having. Taking A Wealth of Comminsense between 1915 and 1982 the S & P went up only 0.6% above inflation per annum. BUT since 1982 the figure is no less than 6.5% above inflation per annum.
Just go to Woodford's own website and see for yourself. He is far and away best investor for ordinary people
I accept your inflation figures. taking the Stock market almanac in the 1970 s the FTSE All share improved 185.7% and in the 1980s 144.3%. On the other hand in the 1920s and 1930s in the US the indices hardly went up at all whilst the economy was in deflation. For example DuPont went for about 30 years hardly increasing at all.
Life is cheaper generally speaking in Frankfurt than Dublin. There is also a massive housing crisis in Dublin...average monthly rental for a 3 bed house is approx 1, 500/600 euro (in an average area) but very few properties available since the boom to bust. In addition the transport system in Frankfurt is much better than the one in Dublin. Dublin has one of the busiest airports in Europe in terms of overall population population. 30 million passengers per year come through Dublin airport YET there is no metro or light rail system to link up with the city centre which is 14 kilometers away. Crazy stuff. Paris will also do very well as their transport system is extremely efficient...regular RER to la Défense..... Dublin has plenty of highly qualified people available but the infrastructure is lacking.
True draghi would need to have a real plan with substance
very difficult to break. Not sure if what Draghi says tomorrow will be a help or a hindrance. Clarity from him of on sorting the Italian banking mess would be good.
Not true Bruce. Give me numbers. S&P 500 60's Avg inflation=2.5% Avg dividend yeild=3.2% 70's Avg inf= 7.4% avg dif=4% 80's avg inf= 5.1% avg div=4.2% 90's avg inf= 2.9% avg div= 2.4%
@BruceJamieson : Woodford? Do you have a link?